California bills · 2025-2026 Regular Session
California AB 376
Personal Income Tax Law: Corporation Tax Law: wildfires: exclusions.
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- Tangipa (Republican)
Summary
Official abstract published by the California legislature· summary
The Personal Income Tax Law and the Corporation Tax Law, in conformity with federal income tax law, generally defines "gross income" as income from whatever source derived, except as specifically excluded, and provides various exclusions from gross income.
This bill would, for taxable years beginning on or after January 1, 2023, and before January 1, 2028, provide an exclusion from gross income for a qualified taxpayer, as defined, for amounts received for costs and losses associated with wildfires, as provided.
Existing law requires a bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives the tax expenditure will achieve, detailed performance indicators, and data collection requirements.
This bill would include additional information required for any bill authorizing a new tax expenditure.
This bill would make findings and declarations related to a gift of public funds.
Text versions
- 04/21/25 - Amended Assembly· Apr 21, 2025
- 02/03/25 - Introduced· Feb 3, 2025
- AB376
Roll-call votes
No recorded votes on this bill.
Actions
- Feb 2, 2026 · House
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. - Jan 31, 2026 · House
Died pursuant to Art. IV, Sec. 10(c) of the Constitution. - Apr 28, 2025 · House
In committee: Held under submission. - Apr 28, 2025 · House
In committee: Set, second hearing. Referred to REV. & TAX. suspense file. - Apr 22, 2025 · House
Re-referred to Com. on REV. & TAX. - Apr 21, 2025 · House
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended. - Mar 17, 2025 · House
In committee: Set, first hearing. Hearing canceled at the request of author. - Feb 18, 2025 · House
Referred to Com. on REV. & TAX. - Feb 4, 2025 · House
From printer. May be heard in committee March 6. - Feb 3, 2025 · House
Read first time. To print.